---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-277301"
form_type: "8-K"
ticker: "STEP"
cik: "0001796022"
company_name: "StepStone Group Inc."
filed_at: "2021-09-20T23:59:59+00:00"
generated_at: "2026-06-29T02:43:34.026043+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# StepStone completes Greenspring acquisition; adds $9.5B fee-earning AUM, combined AUM $109B

## Summary
- Total consideration: ~$185M cash, 12.7M Class A shares, 3.07M Class C units (exchangeable for Class A).
- Earnout of up to $75M payable in 2025 based on 2024 management fee revenue targets.
- $225M multicurrency credit facility (5-yr maturity) used to fund cash portion of consideration.
- Greenspring adds $9.5B fee-earning AUM and $18.9B total AUM as of June 30, 2021.
- Combined firm: $109B AUM, $375B AUA, over 70 VC/growth professionals globally.

## SEC filing metadata
- accession: 0001193125-21-277301
- form_type: 8-K
- ticker: STEP
- cik: 0001796022
- company_name: StepStone Group Inc.
- filed_at: 2021-09-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796022/000119312521277301/0001193125-21-277301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796022/000119312521277301/d173286d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-277301
- JSON: https://secwatch.observer/filing/0001193125-21-277301.json
- Plain text: https://secwatch.observer/filing/0001193125-21-277301.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.